PLEASE ANSWER EACH QUESTION CORRECTLY. IF SO, I WILL LEAVE AN UPCOTE!

Toxawoy Comoary is a meschandiser with two divisions-Commercial and Residential. The company's accounting intern was asked to prepare segmented income statements the company's divisional manogers could use to calculate their break-ovon points and make dectsons. She took the prior month's companywde income statement and prepared the absorption format segmented income statement shown below. In preporing these statements, the intern determined Toxawoy's only varlable selling and odministrauve expense is a 10% sales commisslon on al sales The company's total flued expenses include $79,500 of common fxed expenses that will contince even if the Commercial or Residential segment is discontinued, $60,000 of ixpod expenses that will disappear if the Commetcial segment is dropped. and $38,000 of fised experises that wil disappear if the Residentiel segment is dropped. Required: 1. Do you agree with the intern's docision to whe an absocption format for her segmented income statement? 2 Based on a review of the intern's segmemed income statement. a. How much of the componys common fixed expenses did she allocate to the Commercial and Residentiol segments? b. Which of the folowing three allocation bases did she most likely used to allocate common faed expenses to the Commercial and Residentiol segments: (a) sales, (b) cost of goods sold, ot (c) gross margin? 3. Do you sgree with the lintern's decision to allocate common fowed expenses to the Commeiclal and Residential segments? 4 . Redo the intern's segmented income statement using the contribirion format. 5. Compute the companmwide break-even point in dollat soles. b. Compile the break-even point in dollar sales for the Commercial Division and for the Residential Divesion. $32.000, respectively, and to lower is companywide sales commission percentage fiom 10k to 5k Calculate the new break ceven polat in dollar sales for the Commerclar Division and the Rosidential Otvisioni Complete this question by entering your answers in the tabs below. Do you agree with the intern's decision to use an absorption format for her segmented income statement? Based on a review of the intern's segmented income statement, how much of the allocate to the Commercial and Residential segments? Based on a review of the intern's segmented income statem likely used to allocate common fixed expenses to the Comm Complete this question by entering your answers in the tat Do you agree with the intern's decision to allocate common fixed exp Complete this question by entering your answers in the tabs below. Redo the intern's segmented income statement using the contribution format. Compute the companywide break-even point in dollar sales. Note: Round intermediate calculations to 3 decimal places and final answer to the neares Compute the break-even point in dollar sales for the Commercial Division and for the Residential Division. Note: Round CM ratio to 2 decimal places and final answers to tffe nearest whole dollar amount. Assume the company decided to pay its sales representatives in the Commercial and Residential Divisions a total mont salary of $16,000 and $32,000, respectively, and to lower its companywide sales commission percentage from 10% to Calculate the new break-even point in dollar sales for the Commercial Division and the Residential Division, Note: Round CM ratio to 2 decimal places and final answers to the nearest whole dollar amount